Gold funds sparkle in August
Equity funds lose some steam
- By: IE Staff
- September 15, 2003 September 15, 2003
- 08:15
Equity funds lose some steam
Changes made necessary by merger of CI funds
Global fund to be renamed
Ownership will rise to 10%
But funds must deliver statements to unitholdiers
Relief covers funds holding Canada Life securities
New names, new manager for first funds of Canadian value platform
Unitholders may switch to Emissary Funds
Reminds delegates of importance of fund value proposition, advantages of independent managers
Insurer on drive to become major distributor of mutual funds
Deal expected to close by month end
Venture capital fund mangers join forces
Industry assets rise for fifth-straight month
45 funds merged
Tapestry portfolios can employ hedge funds
New filings capitalize on growing sector
But not enough to push up markets
Reduce Assante holdings says analyst
Some mutual funds also being merged
Changes pending approval in October
Will operate Assante Canada as a separate entity
Fund closes to new purchases on August 28
Reps prohibited from extending credit to clients
Payments not required to flow directly to reps
Majority of fund groups show positive one-year returns